Veterans Of Foreign Wars Department Of New Mexico Of The U S
- Assets
- $370.0k
- Revenue
- $71.7k
- Investments
- $0.0
- Employees
- 2
- Location
- Hobbs, NM
- Founding
- 06/1960
- Data as of
- 12/2019
- EIN
- 85-6011505
Organization Overview
Veterans Of Foreign Wars Department Of New Mexico Of The U S is located in Hobbs, NM. The organization was established in 1960. According to its NTEE Classification (W30) the organization is classified as: Military & Veterans Organizations, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2016, Veterans Of Foreign Wars Department Of New Mexico Of The U S employed 2 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Veterans Of Foreign Wars Department Of New Mexico Of The U S is a 501(c)(19) and as such, is described as a "Post or Organization of Past or Present Members of the Armed Forces" by the IRS.
For the year ending 12/2019, Veterans Of Foreign Wars Department Of New Mexico Of The U S generated $71.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (4.8%) each year. All expenses for the organization totaled $73.3k during the year ending 12/2019. As we would expect to see with falling revenues, expenses have declined by (0.8%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
TO SERVE VETERANS OF FOREIGN WARS FOR THEIR SPECIAL NEEDS
Describe the Organization's Program Activity:
Part 3 - Line 4a
SERVES VETERANS OF FOREIGN WARS WITH THEIR SPECIAL NEEDS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cathy L Brock Adjutant | Officer | $0 | |
Edwardo Rodriquez Commander | Officer | $0 | |
Michael E Gimeson Jr Vice Comm | Officer | $0 | |
Guillermo Rodriguez Chaplain | Officer | $0 | |
Stanley Tillman Surgeon | Officer | $0 | |
Charles J Luera Sr Vice Comm | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,919 |
| Investment income | $20 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $59,544 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $71,683 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $400 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $30,574 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,489 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $324 |
| Office expenses | $1,169 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $55 |
| Interest | $14 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $12,289 |
| All other expenses | $3,222 |
| Total functional expenses | $73,327 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,524 |
| Savings and temporary cash investments | $6,161 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,530 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $370,027 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,623 |
| Total liabilities | $4,623 |
| Net assets without donor restrictions | $365,404 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $365,404 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Veterans Of Foreign Wars Of The United States Dept Of Texas Austin, TX | $10,604,149 | $6,677,704 |
Military Wellness Initiative Dallas, TX | $2,428,709 | $3,600,000 |
American Legion Clovis, NM | $323,823 | $3,104,581 |
Combat Marine Outdoors Inc Houston, TX | $1,866,228 | $2,870,312 |
A Sanctuary For Military Families Inc Granby, CO | $1,662,699 | $1,856,266 |
American Legion Clovis, NM | $235,874 | $1,801,640 |
Veterans Of Foreign Wars Of The United States Dept Of Texas Copperas Cve, TX | $546,071 | $1,909,310 |
American Legion Austin, TX | $7,412,004 | $1,863,301 |
Wish For Our Heroes Inc San Antonio, TX | $1,716,093 | $1,811,976 |
American Legion Apache Junction, AZ | $3,212,238 | $3,405,557 |
Paralyzed Veterans Of America Phoenix, AZ | $1,356,804 | $1,158,050 |
Veterans Of Foreign Wars Of The United States Dept Of Texas Georgetown, TX | $401,147 | $1,318,650 |